Maize On NCDEX Settled Down -1.04% At 1431

Maize on NCDEX settled down -1.04% at 1431 owing to slackened demand from consuming industries. Argentine corn should benefit this season from high yields brought by good weather, the Buenos Aires Grains Exchange said, adding that it may increase its harvest estimate above the current 54.8 million tonnes. The U.S. Department of Agriculture reported weekly export sales of old-crop U.S. corn at 1.255 million tonnes, above a range of trade expectations and the most in seven weeks. The U.S. Department of Agriculture reported export inspections of U.S. corn in the latest week at 1,547,022 tonnes, at the high end of a range of trade expectations.